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President Buhari has sacked the head of the
Financial Reporting Council of Nigeria, FRCN, Jim Obazee pictured above, after the council enforced a law that led to the exit of Pastor E.A Adeboye as the General Overseer of RCCG in Nigeria on Saturday January 7th.

Pastor Adeboye during the church’s Ministers
thanksgiving, announced his retirement as the
General Overseer of the church only in Nigeria
following a new law that disallows leaders of a
non-profit organization, churches inclusive, to
remain in office for more than 20 years.

Although the law was enacted in 2011, it had not been implemented by any administration. Obazee is said to have had a clash with the Minister of Industry, Trade and Investment, Okechukwu Enelemah, after he went ahead with the enforcement of the law despite the minister’s position that the law should not be enforced.

The sack of the council boss is contained in a
statement signed by Shehu Garba..

President Muhammadu Buhari has
approved the immediate removal and the
replacement of the Executive Secretary and
the reconstitution of the board of the
Financial Reporting Council of Nigeria (FRN).
He has appointed a Chairman and a new Executive Secretary for the council. The new
Council as approved by the President has
Mr Adedotun Sulaiman, MFR as Chairman.
Mr. Sulaiman was a former Managing
Partner/Director of Arthur Anderson and
later, Accenture. He is a Chartered Accountant and a product of the University
of Lagos and Harvard Business School. The
President has also approved the
appointment of Mr. Daniel Asapokhai as the
Executive Secretary of the Council. Mr.
Asopokhai is a partner and a Financial Reporting Specialist at the
PricewaterHouseCoopers (PWC), Nigeria. He
is a product of the University of Lagos and
the University of Pretoria. President
Muhammadu Buhari has also instructed the
Minister of Industry, Trade, and Investment to invite the nineteen ministries,
departments and agencies of the Federal
Government and private sector
organizations specified in the FRC Act to
nominate members of the board of the
council.

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